Walker & Dunlop, Inc. has successfully arranged a $160 million loan for a master planned community in California's Coachella Valley, specifically in Rancho Mirage. This loan includes a $27 million re-advance component, bringing the total proceeds to $187 million. The project, named Cotino™, is a Storyliving by Disney™ Community, expected to feature approximately 1,900 residential units, a 24-acre lagoon, a voluntary private club, and a town center. The financing was exclusively advised by Walker & Dunlop Capital Markets, in collaboration with Intervest Capital Partners and Builders Capital, to support the construction of the community's first phase.
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